Runway Growth Finance Corp. 8.00% Notes Stock Forecast
Red day on Friday for Runway Growth Finance Corp. 8.00% Notes
(Updated on Jun 28, 2024)
The Runway Growth Finance Corp. 8.00% Notes stock price fell by -0.119% on the last day (Friday, 28th Jun 2024) from $25.17 to $25.14. During the last trading day the stock fluctuated 0.278% from a day low at $25.13 to a day high of $25.20. The price has fallen in 5 of the last 10 days and is down by -0.32% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -672 shares and in total, 2 thousand shares were bought and sold for approximately $57.44 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.10 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Runway Growth Finance Corp. 8.00% Notes stock with a 90% probability to be traded between $25.09 and $25.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RWAYZ Signals & Forecast
There are mixed signals in the stock today. The Runway Growth Finance Corp. 8.00% Notes stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.17 and $25.22. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 0.159%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Runway Growth Finance Corp. 8.00% Notes stock
Runway Growth Finance Corp. 8.00% Notes finds support from accumulated volume at $25.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0699 between high and low, or 0.278%. For the last week the stock has had daily average volatility of 0.335%
Our recommended stop-loss: $23.19 (-7.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (RWAYZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Runway Growth Finance Corp. 8.00% Notes Due 2027 to open at $25.16, and during the day (based on 14 day Average True Range), to move between $25.04 and $25.24, which gives a possible trading interval of +/-$0.101 (+/-0.40%) up or down from last closing price. If Runway Growth Finance Corp. 8.00% Notes Due 2027 takes out the full calculated possible swing range there will be an estimated 0.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.11 (0.12%) than the resistance at $25.18 (0.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Runway Growth Finance Corp. 8.00% Notes Due 2027 stock A Buy?
Runway Growth Finance Corp. 8.00% Notes holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.555 Hold/Accumulate Unchanged
Predicted Opening Price for Runway Growth Finance Corp. 8.00% Notes Due 2027 of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$25.16 ( 0.0664%) | $25.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RWAYZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.23 | 0.344% |
R2 | 25.20 | 0.238% |
R1 | 25.18 | 0.173% |
Price | 25.14 | |
S1 | 25.13 | -0.0398% |
S2 | 25.11 | -0.105% |
S3 | 25.09 | -0.212% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.50 | 1.43% |
R2 | 25.25 | 0.438% |
R1 | 25.18 | 0.159% |
Price | 25.14 | |
S1 | 25.11 | -0.119% |
S2 | 25.09 | -0.199% |
S3 | 25.07 | -0.278% |
RWAYZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 14, 2024 | May 14, 2024 | Jun 01, 2024 | $0.500 | 1.98% |
2 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.500 | 1.99% |
3 | Nov 13, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.500 | 2.01% |
4 | Aug 14, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.500 | 2.03% |
5 | May 12, 2023 | May 12, 2023 | Jun 01, 2023 | $0.500 | 2.07% |
FAQ
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